interest rates | Gary Sandler

  • Gary Sandler
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    Published 15 March 2020 On March 5, the Federal National Mortgage Corporation, a.k.a. Freddie Mac, announced that the rate for the 30-year, fixed-rate conventional mortgage fell to the lowest level ever recorded in the nearly 50-year history of their weekly survey. The rate for the 15-year mortgage also declined, falling to a point not seen

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  • Gary Sandler
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    Published 18 August 2019 It’s no secret that mortgage interest rates are at historic lows — the lowest in 33 months to be exact. Freddie Mac reported on Aug. 8 that the average conventional 30-year and 15-year mortgage rates were 3.60 percent and 3.05 percent, respectively. One year ago, the rates were 4.59 percent and

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  • Gary Sandler
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    Published 30 June 2019 On April 2, 1971, the Federal National Mortgage Association (Freddie Mac) began keeping track of mortgage rates. On that day and every Thursday since, Freddie has released the results of their survey to the public. At the time the interest charged on a 30-year fixed mortgage was 7.33 percent. On June

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  • Gary Sandler
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    Published 30 December 2018 As 2018 comes to an end, many of us will begin thinking about our new year’s resolutions. Some will pledge to lose weight, while others will strive to spend more time with family or find a better job. A scant few will vow to accelerate the payoff of their mortgage. Paying

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  • Gary Sandler
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    Published 11 November 2018 Yes, mortgage rates have been on the rise. But not to the extent most people think. According to Freddie Mac’s weekly Primary Mortgage Market Survey published on Nov. 1, the rate for a 30-year fixed-rate mortgage on that date was 1.33 percent above the lowest conventional rate posted over the past

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  • Gary Sandler
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    Published 29 October 2018 LAS CRUCES – According to an Oct. 11 report from the Las Cruces Association of Realtors, local brokers sold 160 new and existing homes, town homes and condominiums during September. That’s a 43-unit, or 21.1 percent, reduction from August. The decline in sales was not unexpected, as the number of closed

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